Rocksalt Subsea Limited

Rocksalt Subsea Ltd, based in Insch, UK, is a small, active company founded nine years ago. Employing ten people and holding £3,483,485 in assets, it's a family-run business with two directors and three owners, boasting a perfect 5.0 Google rating from one review. The company operates in the other business support service activities n.e.c. industries and is an irregular importer, with its top import category being iron or steel products, imported for one month.

The company's website highlights its commercial diving, ROV services, engineering support, and technical authority. It serves both onshore and offshore sectors, including energy, renewables, and nearshore industries. Rocksalt Subsea emphasizes safety, cost-effectiveness, and a risk-aware management approach, certified to ISO 9001 2015 and approved by DNV, LR, BV, and ABS. The company provides diving, ROV inspection, repair, maintenance, construction, and installation services, alongside project management, engineering, and technical authority.

Financially, Rocksalt Subsea Ltd shows some interesting trends. While cash reserves increased by a healthy 85% to £190,000, net assets still dropped by 480% to £1.4 million. Bank borrowings decreased by 37% to £78,000, and creditors increased by 130% to £2.4 million. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the drop in equity is something to keep an eye on. The company’s net losses deepened, while trade debtors ballooned by 190%, suggesting delayed customer payments or expanded credit terms. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Rocksalt Subsea Ltd appears to be navigating a period of change, balancing growth with financial pressures. The company’s expertise and reputation in the diving and ROV sector, however, suggest a solid foundation for future success.

Registered in Scotland under the registration number SC524429, with a registered address at AB52 6TA, Scotland, Insch, Aberdeenshire, Unit 9 Insch Business Park, Muiryheadless Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.